This chapter describes a.s.r.’s corporate legal structure and governance. ASR Nederland N.V. is a public limited company which is listed on Euronext Amsterdam and governed by Dutch corporate law. It has a two-tier board governance structure. More information on the board governance structure can be found in sections 5.1.3 and 5.1.4.

Legal structure

a.s.r.’s legal structure with supervised entities is set out in the diagram below.

ASR Nederland N.V. is the Group’s holding company.

An union exists between ASR Nederland N.V., ASR Levensverzekering N.V., Aegon Levensverzekering N.V., Aegon Spaarkas N.V. and ASR Schadeverzekering N.V. through cross-membership of the EB and the SB. This also applies to the EB of Aegon Hypotheken B.V.

ASR Premiepensioeninstelling N.V. and Aegon Cappital B.V. are Institutions for Occupational Retirement Provision (IORP). ASR Vermogensbeheer N.V. and ASR Real Estate B.V. are two Alternative Investment Fund Managers Directive (AIFMD)-licensed Alternative Investment Fund Managers (AIFM). ASR Vooruit B.V. operates as an investment firm and insurance intermediary. The EB of this company consists of two members of the MB of ASR Nederland N.V. and one other member. D&S Holding B.V. operates as a holding company for most of the entities within the segment Distribution & Services.

On 1 February 2024, a.s.r. announced that it has reached an agreement to sell Aegon Bank N.V. to BAWAG Group AG.